IMPLEMENTASI STANDAR AKUNTANSI INTERNASIONAL ( IAS ) 41 PERTANIAN DALAM MENYAJIKAN ASET HAYATI

Abstract

This research is an case study in TJS Farm with title “Implementation Of International Accounting Standard (IAS) 41 Agriculture in Presenting of Biological Assets”. The aims of this research are to analyze the differences of presentation and disclosure of biological asset based on accounting treatment in TJS Farm and IAS 41. The result of this research show that TJS Farm measure biological asset using historical value for DOC and fair value for live bird. There is also differences in recognition, presentation and disclosure of biological asset between TJS Farm and IAS 41 that makes the quality of information in TJS Farm was not reliable. It is better for TJS Farm improving the employee understanding of IFRS and biological asset in order to provide a better quality of presentation and disclosure related to biological asset. Key Words : biological asset, accounting treatment, IAS 41, fair value, historical cost